Exhibit 21
SUBSIDIARIES OF THE REGISTRANT
         
Subsidiary   State of Incorporation   Ownership
Magellan Petroleum Australia Limited
  Queensland, Australia   100%
Magellan Petroleum Australia Limited owns the following subsidiaries directly or indirectly:
       
Magellan Petroleum (N.T.) Pty. Ltd.
  Queensland, Australia   100%
Paroo Petroleum Pty. Ltd.
  Queensland, Australia   100%
Paroo Petroleum (Holdings), Inc.
  Delaware, U.S.A.   100%
Paroo Petroleum (USA), Inc.
  Delaware, U.S.A.   100%
Magellan Petroleum (W.A.) Pty. Ltd.
  Queensland, Australia   100%
Magellan Petroleum (Belize) Limited
  Belize, C.A   100%
Magellan Petroleum (Eastern) Pty. Ltd.
  Queensland, Australia   100%
Magellan Petroleum (Southern) Pty. Ltd.
  Queensland, Australia   100%
Magellan Petroleum (NZ) Limited
  New Zealand   100%
Magellan Petroleum (Ventures) Pty Ltd.
  Queensland, Australia   100%
Jarl Pty. Ltd.
  Queensland, Australia   100%

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